Quantbot Technologies LP Makes New Investment in Dakota Gold Corp. $DC

Quantbot Technologies LP purchased a new position in shares of Dakota Gold Corp. (NYSE:DC) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 119,919 shares of the company’s stock, valued at approximately $511,000.

Several other institutional investors have also modified their holdings of DC. Global Retirement Partners LLC bought a new stake in Dakota Gold during the 2nd quarter worth approximately $29,000. BNP Paribas Financial Markets lifted its stake in Dakota Gold by 120.5% in the second quarter. BNP Paribas Financial Markets now owns 8,309 shares of the company’s stock valued at $31,000 after buying an additional 4,541 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in shares of Dakota Gold by 105.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 7,203 shares of the company’s stock valued at $41,000 after buying an additional 3,703 shares during the period. Banque Cantonale Vaudoise acquired a new position in shares of Dakota Gold in the third quarter valued at approximately $46,000. Finally, Sherbrooke Park Advisers LLC bought a new stake in shares of Dakota Gold during the third quarter worth $46,000. Institutional investors own 37.41% of the company’s stock.

Dakota Gold Stock Performance

NYSE DC opened at $6.24 on Friday. Dakota Gold Corp. has a 52 week low of $3.79 and a 52 week high of $7.25. The stock’s 50 day moving average price is $5.01 and its two-hundred day moving average price is $5.40. The stock has a market capitalization of $837.24 million, a price-to-earnings ratio of -15.22 and a beta of 1.19.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Canadian Imperial Bank of Commerce assumed coverage on shares of Dakota Gold in a report on Tuesday, May 5th. They set an “outperform” rating and a $11.00 price objective on the stock. Canaccord Genuity Group upped their target price on shares of Dakota Gold from $16.00 to $18.00 and gave the stock a “speculative buy” rating in a research note on Tuesday, May 26th. Finally, HC Wainwright increased their target price on Dakota Gold from $10.50 to $10.75 and gave the stock a “buy” rating in a report on Thursday, July 16th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $12.44.

Dakota Gold Profile

Dakota Gold Corp (NYSE:DC) is a mineral exploration and development company focused on advancing gold projects within the United States. The company’s primary asset is the historic Homestake District in South Dakota’s Black Hills, where it seeks to redevelop gold-bearing tailings and low‐grade ore volumes for open‐pit heap leach processing. Dakota Gold pursues a staged approach, combining exploration, resource delineation and economic studies to unlock value from legacy mine materials.

The firm’s flagship property comprises sealed tailings impoundments and adjacent low‐grade stockpiles left over from the Homestake Gold Mine, which operated from 1876 until 2002.